FREDERICK, Colo., -- UQM TECHNOLOGIES, INC. , a developer of alternative energy technologies, announced today that it has received a $3 million follow-on production order for additional vehicle electric auxiliary motors. The new order is in addition to previously announced orders for 30,000 motors. Production volumes under the new order are expected to increase substantially versus current production volumes with product assembly occurring on the Company's high volume, semi-automated, assembly cell that began operation in July.
"This follow-on order represents a substantial increase in our production for this customer and demonstrates our ability to not only meet our customer's motor performance specifications and volume production requirements, but also his cost target. We are also manufacturing this product to automotive grade manufacturing standards in accordance with the Advanced Product Quality Planning ("APQP") automotive procedures. As a result, we are better positioned to leverage this newly established manufacturing capability and our advantaged technology to win and launch production opportunities in emerging vehicle electrification markets," said William G. Rankin, President and Chief Executive Officer of UQM Technologies, Inc.
UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, medical, military and industrial markets. A major emphasis of the Company is developing products for the alternative energy technologies sector including propulsion systems for electric, hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries and distributed power generation applications. The Company's headquarters, engineering and product development center, and motor manufacturing operation are located in Frederick, Colorado.
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